GGLL vs. EEV
Compare and contrast key facts about Direxion Daily GOOGL Bull 2X Shares (GGLL) and ProShares UltraShort MSCI Emerging Markets (EEV).
GGLL and EEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGLL is a passively managed fund by Direxion that tracks the performance of the Alphabet Inc. Class A (200%). It was launched on Sep 6, 2022. EEV is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-200%). It was launched on Nov 1, 2007. Both GGLL and EEV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GGLL vs. EEV - Performance Comparison
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GGLL vs. EEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | -13.29% | 123.07% | 48.88% | 81.20% | -30.35% |
EEV ProShares UltraShort MSCI Emerging Markets | -11.20% | -43.35% | -8.08% | -13.08% | -3.24% |
Returns By Period
In the year-to-date period, GGLL achieves a -13.29% return, which is significantly lower than EEV's -11.20% return.
GGLL
- 1D
- 6.92%
- 1M
- -7.36%
- YTD
- -13.29%
- 6M
- 35.38%
- 1Y
- 197.12%
- 3Y*
- 61.49%
- 5Y*
- —
- 10Y*
- —
EEV
- 1D
- -1.42%
- 1M
- 12.41%
- YTD
- -11.20%
- 6M
- -15.97%
- 1Y
- -45.43%
- 3Y*
- -24.22%
- 5Y*
- -9.85%
- 10Y*
- -20.88%
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GGLL vs. EEV - Expense Ratio Comparison
GGLL has a 1.05% expense ratio, which is higher than EEV's 0.95% expense ratio.
Return for Risk
GGLL vs. EEV — Risk / Return Rank
GGLL
EEV
GGLL vs. EEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily GOOGL Bull 2X Shares (GGLL) and ProShares UltraShort MSCI Emerging Markets (EEV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GGLL | EEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.24 | -1.13 | +4.37 |
Sortino ratioReturn per unit of downside risk | 3.58 | -1.79 | +5.36 |
Omega ratioGain probability vs. loss probability | 1.44 | 0.78 | +0.65 |
Calmar ratioReturn relative to maximum drawdown | 5.37 | -0.71 | +6.09 |
Martin ratioReturn relative to average drawdown | 19.61 | -0.99 | +20.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GGLL | EEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.24 | -1.13 | +4.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | -0.45 | +1.24 |
Correlation
The correlation between GGLL and EEV is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GGLL vs. EEV - Dividend Comparison
GGLL's dividend yield for the trailing twelve months is around 5.26%, more than EEV's 4.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GGLL Direxion Daily GOOGL Bull 2X Shares | 5.26% | 4.16% | 3.29% | 2.05% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
EEV ProShares UltraShort MSCI Emerging Markets | 4.87% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
Drawdowns
GGLL vs. EEV - Drawdown Comparison
The maximum GGLL drawdown since its inception was -52.81%, smaller than the maximum EEV drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for GGLL and EEV.
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Drawdown Indicators
| GGLL | EEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.81% | -99.83% | +47.02% |
Max Drawdown (1Y)Largest decline over 1 year | -38.39% | -64.05% | +25.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.81% | — |
Current DrawdownCurrent decline from peak | -27.39% | -99.80% | +72.41% |
Average DrawdownAverage peak-to-trough decline | -15.51% | -92.94% | +77.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.52% | 46.09% | -35.57% |
Volatility
GGLL vs. EEV - Volatility Comparison
Direxion Daily GOOGL Bull 2X Shares (GGLL) and ProShares UltraShort MSCI Emerging Markets (EEV) have volatilities of 19.62% and 19.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGLL | EEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.62% | 19.43% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 39.89% | 30.25% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.32% | 40.33% | +20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.21% | 37.24% | +17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.21% | 40.74% | +14.47% |